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Analysis: How Australian department stores can thrive in a post-Covid world

Inside Retail

Those brands that have avoided bankruptcy have often been forced to undertake aggressive cost reduction and store closures. Department stores have been particularly impacted, with consumers forced online during the pandemic now choosing to buy direct from brands or from more price-competitive online marketplaces.

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David Jones’ strong second half buoys difficult year

Inside Retail

Sales in department store David Jones jumped during the last year despite the continuation of the Covid-19 crisis and intermittent lockdowns hampering trade. Sales in the department store rose 2.3 per cent in comparable stores, as customers increasingly shopped online through lockdown and unprofitable space was minimised.

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Why consumer spending in one retail category is outpacing all others

Inside Retail

However, behind the headline numbers sits a range of spending patterns. As a CommBank iQ spending category, general retail covers more than 10 sub-segments, from pet, discount and department stores to online marketplaces. year-on-year, inflation continues to be higher at 2.8 per cent ii.

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Unwrapping retail spending over the Christmas sales season

Inside Retail

With 2024s peak shopping season in the rearview mirror, consumer spending behaviours and responses to major retail sales events are coming into focus. Examining where and when people shopped reveals valuable insights for retailers as they hone their strategies ahead.

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Decoding the global trends shaping the future of retail

Inside Retail

In late 2023, Salesforce reported that 59 per cent of consumers had shopped on social media, a massive jump from 15 per cent in 2021. In the US alone, TikTok shop garnered 1.1 Indeed, Amazon and retail tech companies are now investing in just walk in technologies that may further enhance the shopping experience.

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Analysis: What to expect from retailers’ FY24 results

Inside Retail

The pandemic hangover continues to muddy results with a number of retailers still comparing 2024 sales to 2020 or even 2019 because of the sharp fluctuations Covid-19 caused to trading patterns. Clothing and footwear stores started the half well bettering 2023 sales with a 2.4 Department stores followed suit with January up 1.7

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March spending intentions surge amid Australia’s economic rebound

Inside Retail

“Retail sales were the outperformer last year as everybody rushed to the shops to buy their canned goods and toilet paper, so the comparisons to last year underplay the strength of the sector and the continued economic rebound,” CommBank Chief Economist Stephen Halmarick said.